A company purchases an industrial laser for $150,000. The device has a useful life of ten years and a salvage value (market value) at the end of those ten years of $20,000. The before-tax cash flow is estimated to be $80,000 per year. You, of course, suggested applying the Seven-year MACRS (GDS) method instead of the straight-line method. Based on the MACRS depreciation schedule for this asset, if the industrial laser was sold for $60,000 in year Three what will be the amount of gain (depreciation recapture) or loss on the disposal of the asset at the end of this year